Question 1

Can I use projected rent for a property that's currently vacant?

Accepted Answer

Yes, DSCR lenders use appraisal rent schedules or market rent surveys. You don't need a tenant in place at closing.

Question 2

How many investment properties can I finance before hitting lender limits?

Accepted Answer

Most non-QM lenders cap at 10 financed properties. Some portfolio programs go higher for experienced investors with strong reserves.

Question 3

Do I need an LLC to get investor financing in Sierra Madre?

Accepted Answer

No, most lenders finance in personal name or LLC. LLC adds asset protection but doesn't affect loan approval.

Question 4

What's the minimum credit score for a fix-and-flip hard money loan?

Accepted Answer

Hard money lenders focus on deal equity and exit strategy. Many approve 600+ scores if the property supports the loan.

Question 5

Can I cash-out refinance an investment property I just bought?

Accepted Answer

Most lenders require 6-12 months seasoning before cash-out refi. Some portfolio lenders waive this for experienced investors.

Investor Loans in Sierra Madre: Financing for Rental Properties & Fix-and-Flip Deals